Doha: Gold hovered close to a two-week high on Tuesday, supported by a weaker dollar. Spot gold was little changed at $3,339.99 an ounce, while US gold futures fell by 0.8% to $3,339.80.
According to Qatar News Agency, the dollar index eased by 0.3%, hovering near a one-month low, which made gold cheaper for holders of other currencies. This currency movement provided support for the gold market as investors looked for safe-haven assets amid currency fluctuations.
In other precious metals, spot silver gained 0.1% to $33.38 per ounce. Platinum remained steady at $1,084.28, and palladium saw a slight decline, easing 0.3% to $984.25.